Analysis: Hawaii ranks 16th best on property tax study

The state’s ranking remained unchanged from its 2018 score, according to the foundation’s analysis, which is part of a wider study titled “2019 State Business Tax Climate Index.”

All states and the District of Columbia have property tax systems. These taxes are a concern for businesses because often tax rates on commercial property exceed that of residential property, according to the Tax Foundation.

In the foundation’s analysis, the best property tax systems maintain competitive rates and avoid placing levies on intangible property, such as trademarks, and asset transfers. Such taxes can make up more than a third of all taxes paid by businesses to state and local agencies, the study says.

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How Do States Measure Up on Property Taxes?

State

2018 Rank

2019 Rank

Change in Rank from 2018 to 2019

New Mexico

1

1

0

Indiana

4

2

2

Utah

5

3

2

Idaho

3

4

-1

Arizona

6

5

1

North Dakota

2

6

-4

Missouri

7

7

0

Nevada

8

8

0

Delaware

20

9

11

Montana

9

10

-1

Florida

10

11

-1

Colorado

14

12

2

Ohio

11

13

-2

California

13

14

-1

Alabama

12

15

-3

Hawaii

16

16

0

Oregon

18

17

1

West Virginia

17

18

-1

Oklahoma

15

19

-4

Kansas

19

20

-1

Wisconsin

26

21

5

Michigan

21

22

-1

Alaska

38

23

15

Georgia

23

24

-1

Washington

27

25

2

Arkansas

22

26

-4

South Carolina

24

27

-3

South Dakota

25

28

-3

Tennessee

29

29

0

Virginia

31

30

1

Minnesota

28

31

-3

Louisiana

30

32

-2

North Carolina

32

33

-1

Pennsylvania

33

34

-1

Kentucky

36

35

1

Mississippi

35

36

-1

Texas

37

37

0

Wyoming

34

38

-4

Iowa

39

39

0

Nebraska

40

40

0

Maine

41

41

0

Maryland

42

42

0

Rhode Island

43

43

0

New Hampshire

44

44

0

Illinois

45

45

0

Massachusetts

46

46

0

New York

47

47

0

New Jersey

50

48

2

Vermont

48

49

-1

Connecticut

49

50

-1

Source: Tax Foundation

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